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20121201
20121231
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Search Results 0 to 5 of about 6
CBS
Dec 27, 2012 5:30pm PST
some other means to avert the fiscal cliff before that deadline, and tomorrow, may give us a glimmer of hope but as i said, the white house does not consider this a breakthrough, but everyone is and will be talking. >> glor: major garrett at the white house. thank you. all of this uncertainty is already affecting the economy. today, a closely watched business group reported consumer confidence has declined for a second straight month, a sign americans may continue to hold back on spending. consumers won't like what they see at the supermarket if congress doesn't pass a new farm bill by january 1. milk prices could double to $7 a gallon or higher. john blackstone tonight explains why. >> who wants milk? >> me! >> reporter: with four children, the rasmussen family of los angeles drinks about five gallons of milk a week. if congress fails to pass a farm bill, they may end up spending an extra $120 a month on milk. that has dad sean rasmussen worried. >> we will not cut back on milk. they have to have their milk. we might have to cut elsewhere. >> reporter: without new legislation, gover
CBS
Dec 3, 2012 5:30pm PST
to bashar al-assad the syrian dictator who is fighting a rebellion by his own people. assad has not used his chemical weapons, including nerve gas, but the possibility that he might threatens to pull the united states into that middle east conflict. here's how mr. obama put it. >> i want to make it absolutely clear to assad and those under his command. the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences and you will be held accountable. >> pelley: so why did the president say it today? david martin hat the pentagon has been talking to his sources. >> reporter: this is a commercial satellite photo of a syrian chemical weapons base. u.s. monitoring of roughly two dozen bases like this indicates the assad regime has begun preparing its chemical weapons for use. orders have been issued to bring together chemical ingredients which are normally stored separately for safety, but when combined form a deadly nerve agent sarin. throughout months of heavy fighting, intelligence ana
CBS
Dec 26, 2012 5:30pm PST
. >> this used to be a really big- - as you can see by the size of the slab, used to be a huge feed store. it wasn't a weak building at all. it was a well-built building, and it just-- you see what it did to it. it's amazing. >> reporter: emergency personnel here got some much-needed help from the indiana national guard today. troops were deployed here to help check on stranded motorists and check on shut-ins. jim? >> axelrod: troy kehoe in bloomington, indiana, for us, thank you. david bernard is the chief meteorologist at our cbs station in miami. he's following the storm system. david, as the storm tracks north, who has the most to worry about? >> well, there is a lot of real estate to cover, jim. let's start by looking at the satellite and radar combined this evening, and we have a big shield of snow this afternoon covering areas from detroit to cleveland, right through northern pennsylvania, now pushing into western portions of new york. south of there, all along the i- 95 corridor through new york and philly and d.c. and south of there, very heavy rain occurring this evening, and th
CBS
Nov 30, 2012 5:30pm PST
negotiations they would like to lose another 71. so that's a large impact on us. >> reporter: shipping companies deny any outsourcing, they want to drop contract provision which would require hiring temporary workers even when there's no work for them. steven barry represents the employers. >> these employees have a guaranteed job for life. we have a no layoff clause. there's probably 25 million americans who are looking for work right now who wish they had a no layoff clause. >> reporter: to get these cranes and containers moving again, the nation's largest retailers' group has asked president obama t help end the strike. a 2002 labor dispute here ended only when president bush ordered the docks reopened after ten days, and that one, scott, cost the economy $15 billion. >> pelley: john, thank you. there is nothing stopping a pacific storm that is headed to the coast. this is a computer forecast that projects the density of moisture reaching from hawaii toward northern california. more than a foot of rain is predicted and mudslides are a danger. carter evans is in sacramento tonight.
CBS
Dec 4, 2012 5:30pm PST
insurance. >> as an employee i've paid into the medicare system and they keep putting it out of reach for us. >> reporter: shifting the eligibility age upwards has gotten traction on capitol hill in recent years even among democrats. but republicans say they deserve serious credit for putting it on the table in these negotiations, scott, even though it might be unpopular. >> pelley: nancy, there's another tax that will be affected by all of this, the payroll tax and it was reduced by two percentage points during the economic crisis. it's listed on your pay stub as f.i.c.a. which, by the way, stands for federal insurance contributions act. it's, simply put, the money you pay to social security and medicare. that tax cut is due to expire at the end of this month also. so we asked jim axelrod to tell us what that will mean. >> reporter: the payroll tax cut is giving this family an extra $70 month to spend. john mejia is a maintenance man in new jersey. are you paying attention to what's going on in washington right now? >> of course we are. >> reporter: the mejia's $50,000 a year income puts th
CBS
Dec 28, 2012 6:30pm EST
, gave us something to pay the tax with. >> reporter: now, jeff and his wife mary worry their dream of passing the land on to their two daughters will be ruined by the fiscal cliff. the estate tax rate would rise from 35% to 55% on estates worth over $1 million. at today's prices in the the napa valley, the pages' land could easily be worth $8 million. >> you're wealthy, right, but it's all in the dirt. you know, we're dirt rich, cash poor. >> reporter: for the pages, more than money is at stake. they want the land that is part of their family's past to also be part of its future. john blackstone, cbs news, in the napa valley. >> glor: and that is not all. apart from the fiscal cliff debate, some other laws are due to expire january 1, and that could cost americans plenty. for starters, the payroll tax break will end. social security taxes will go from 4.2% back to 6.2%. if the farm bill is allowed to expire, it is feared milk prices could rise sharply. hundreds of american families are heartbroken tonight after russian president vladimir putin ban all adoption of russian children b
Search Results 0 to 5 of about 6